April | 2014
When British football manager Ian Dowie coined the term ‘bouncebackability’ in 2004 to describe the resilience of his Crystal Palace side after conceding too many goals – shortly before the club were relegated from the Premier League – I doubt he foresaw its resonance for the banking world in 2014.
But I believe banks will also be in long-term trouble if they take such a narrow view of business resilience, satisfying themselves simply with the knowledge they can respond strongly to a crisis.
In today’s world, real business resilience requires a proactive and preventative approach, led right from the top of the business, to grapple with an issue before it emerges.
What is driving this change? I believe there are three underlying shifts in the reality financial institutions face today that are transforming how banks must think about resilience.
These shifts underline the importance of banks rethinking their culture in relation to resilience. While of course, no bank would ever admit to not having a proactive approach to resilience, they are under huge pressure to deliver their services more cost effectively, which in turn results in corners being cut.
Many bank chiefs have admitted to having underinvested in their systems for years, while failing to properly consolidate multiple overlapping systems after prior mergers and acquisitions
Now is the time to get senior executives engaged in building a simpler, more resilient business for a digital world. Only then will banks avoid the disastrous reputational damage caused by major systems outages, in an era when people no longer find this acceptable.
Brian Hayes recently joined WIPRO from Gazprom Marketing and Trading where he held the position of Global Head Infrastructure and Operations. Before this he worked for 25 years within the Banking and Financial Services Industry; from Retail and Investment Banking through to having full operational responsibility for all operations and managed services at the world famous New York Stock Exchange.
He has fulfilled a number of truly global roles and has real global experience having lived and worked in SE Asia, US and mainland Europe. He brings demonstrable IT leadership experience in large-scale global technology functions, with a proven track record in creating a world class IT environments in highly dependent business environments.
A proven track record of leading successful IT and transformational programmes globally. Recognised for ability to execute to demanding deadlines. Key successes include large scale technology improvement projects, major organisational change to deliver improved business assurance and availability. Highly pragmatic and professional with a creative approach to problem solving and notable skills in building high performance teams and functions.
Drawing his considerable experiences as a leader, driving and leading change and working with others, he has become passionate about ?coaching and mentoring?. Providing coaching for a growing number of senior and more junior level managers from a variety of industries sectors and in very differing roles; helping to un-lock the potential of those who are progressing up the career ladder whilst supporting others through significant career changes. Actively sought out to speak publicly regularly at forums on a range of topics and known for his engaging style and delivery.
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© 2021 Wipro Limited |
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